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Capstone Companies Facilitates $2.56M Sale Of Creekside Apartments In Grand Junction
SOLD
$2,560,000
Colorado
See Similar DealsMultiFamily
Sold 05/24/2024
SOLD
Capstone Companies Facilitates $2.56M Sale Of Creekside Apartments In Grand Junction
515 28 Road
See Similar DealsMultiFamily
Sold 05/24/2024
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The Creekside Apartments in Grand Junction, Colorado, consisting of 24 units, were sold for $2,560,000. The property is located at 515 28 ½ Road in the Grand Junction market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,560,000
- Units: 24
- Price Per Unit: $106,667
- Brokers: Austin Smith & Benton Adams - Capstone Companies
Capstone Companies played a key role in facilitating the sale of the Creekside Apartments. Their brokers, Austin Smith and Benton Adams, were instrumental in completing the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,095.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,135.71
Annual Debt Service$145,628.47
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